ZRO

Alert

Funding spread now, next payment 15:00 UTC+0.5621%/8h

next payment, per $10,000+$7.03paid, last 24h+1.104%paid, last 3 days+1.148%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 1.148% in total (about 151.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZROUSD	1.2139	−0.0951	get 0.0119% / 1h	37m 19s	$271K	$571K	25x
Short	GMX ZRO/USD [ETH-USDC]	1.2126	L +0.0408% / S −0.4670%	get 0.0584% / 1h	37m 19s	$6K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersRate

Funding earned: $1,180.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,158.47
Break-even: 0.1 days

Slippage unknown: Kraken Futures: live order book, 17 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.107%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 17 min ago	25.22 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZRO on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ZROUSDlong	−0.0951%	1h	$271K	$571K	25x
Orderly PERP_ZRO_USDC	−0.0110%	4h	$21K	$7K	10x	as long as short
OKX ZRO-USDT-SWAP	−0.0060%	4h	$3.3M	$8.2M	20x	as long as short
dYdX ZRO-USD	0.0000%	1h	$22K	$613	5x	as long as short
Injective ZRO/USDC PERP	+0.0032%	1h	$13K	$146K	12x	as long as short
Lighter ZRO	+0.0096%	1h	$4.9M	$1.2M	5x	as long as short
Hyperliquid ZRO	+0.0100%	1h	$40.1M	$7.3M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	$137K	$104K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	$147K	$218K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	$23.3M	$33.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ZROUSDT	+0.0100%	4h	$18.8M	$17.1M	50x	as long as short
Gate ZRO_USDT	+0.0100%	4h	$1.4M	$2.1M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	$17.7M	$3.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	$2.6M	$1.3M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	$2.8M	$2.9M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	—	$8.6M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	$89K	$181K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	$2.4M	$769K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	$39K	$678K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	$86K	$853K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0148%	4h	$1.1M	$285K	75x	as long as short
Nado ZRO-PERP	+0.0313%	1h	$1.4M	$109K	5x	as long as short
Extended ZRO-USD	+0.0392%	1h	$809K	$461K	10x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0408% / S −0.4670%	1h	$6K	—	100x